India smartphone market grows 8 pc in Q1, 5G shipments share at highest-ever 71 pc

New Delhi (IANS) Driven by consumers upgrading to higher-value phones across price tiers, India’s smartphone shipments in the January-March quarter (Q1) grew a record 8 per cent (year-on-year) in terms of volume and 18 per cent in terms of value,…

Hero MotoCorp posts 18 per cent rise in Q4 net profit, declares dividend of Rs 40 per share

New Delhi (IANS) Two-wheeler giant Hero MotoCorp on Wednesday reported an 18.4 per cent increase in its standalone net profit at Rs 1,016 crore for the January-March quarter of 2023-24, on the back of robust sales and higher selling prices for its…

Sensex falls 300 points as equities selloff continues

Mumbai (IANS) Sensex fell by 300 points on Wednesday as the selloff in equities continues.

Indian equities continued to sell off for the fourth consecutive session on Wednesday. BSE Sensex was trading at 73,201 points, down by 309 points.

Dr Reddy’s Laboratories clocks 36 pc surge in Q4 net profit

Mumbai (IANS) Dr Reddy’s Laboratories on Tuesday reported a 36 per cent jump in net profit at Rs 1,307 crore for the Jan-March quarter of 2023-24 compared to the corresponding figure of Rs 960 crore in the same period of the previous year.

The…

Indian airlines poised to capture 50% of country’s global passenger traffic: CRISL

New Delhi (IANS) The airlines in India are poised to capture 50 per cent share of the country’s international passenger traffic by 2027-28 with a 7 per cent jump in market share from 43 per cent at present, according to a CRISIL report released on…

Indian Bank posts 55% jump in Q4 net profit, declares dividend of Rs 12 per share

Mumbai (IANS) The Indian Bank on Monday reported a 55 per cent rise in net profit to Rs 2,247 crore for the January-March quarter of 2023-24, compared to the corresponding figures of Rs 1,447 crore reported in the same period of the previous year.

Sharp movements ahead, trade cautiously

New Delhi (IANS) The week went by and had four trading days with a mid-week holiday on May 1, thereby making it two periods of two days each. The volatility witnessed was several notches higher than usual. Surprises one to note that just about 10…

$100 billion worth chips needed for India’s $300 billion electronics production goal by FY26

New Delhi (IANS) As India aims to reach $300 billion electronics production by FY26, it will trigger demand for semiconductors worth $90-$100 billion, largely driven by domestic mobile manufacturing -- an opportunity the country must tap.

The…

IDBI Bank registers 44 per cent jump in net profit for Jan-March quarter

Mumbai (IANS) The IDBI Bank on Saturday reported a 44 per cent jump in standalone net profit to Rs 1,628.5 crore for the January-March quarter of 2023-24 compared to the corresponding figure of Rs 1,133 crore for the same period of the previous financial…

RBI tweaks rules to cut risk banks face in exposure to capital markets

Mumbai (IANS): The RBI on Friday tweaked rules to reduce the risk faced by banks in their exposure to capital market in the case of issue of Irrevocable Payment Commitments (IPCs).

The RBI issued a circular stating that “only those custodian…